Name :- Archit mangal

Div Finance B
Roll No :- 20fin064
Case :- 3
Subject :- lacf

THE DOUBLE-EDGED SWORD

 Introduction

 Everything started in 1946 when a review firm under the name of

Shah and Co. was laid out in Bombay.
 This was around when Inter Continental Consultancy - one of the
greatest global consultancies on the planet - was watching out for a
neighborhood accomplice in India to lay out its tasks.
 Shah and Co. considered this to be a valuable chance to extend
universally and subsequently in 1993 was framed Inter-Continental
Consultancy India Pvt. Ltd. Since Indian regulation didn't permit
Chartered bookkeepers to work as an organization, Shah and Co.
 Ravi Verma joined Shah and Co. as a sanctioned bookkeeper in
1984. He was an All India rank holder in his CA Final assessments
and had additionally bested Bombay University in the Bachelors of
Commerce assessment.

 Facts

 SAPL was a Chennai based auto part producer.

 Arrangement in 1966, SAPL got going with assembling parts for
Indian Motors (IM).
 At that point, IM re-appropriated their total necessity from SAPL
and subsequently SAPL partook in a syndication.
 In 1998, SAPL chose to welcome autonomous chiefs to join the
board.
 This move was to acquire new thoughts for SAPL's likely
arrangements.
 As a piece of this, SAPL enlisted two free chiefs - Ravi Verma,
Director, ICC and Ashok Mehta, Director - Emeritus, Bank of
Bombay.

 Conclusion

 Overseer of ICC, Ravi would need to continue considering a

venture with ICC's advantages and then again, as Director of
SAPL, he would need to deal with SAPL's wellbeing.
 At last in 2002, the board passed a consistent goal to counsel ICC
for investigation of its monetary position.
 For set his best group at work on dissecting SAPL's financials. His
obligation to offer unrivaled support was irrefutable. As dreaded,
the discoveries were clear.
 SAPL needed to go for an undeniable monetary rebuilding to make
due.
 Ravi had not many choices before him. He could present his
discoveries and simultaneously, to demonstrate his validity, decline
to take up the rebuilding in the interest of ICC.
 The other choice was to leave the Board of SAPL and keep away
from additional contentions.
 Even more he could go on with the norm and acknowledge the cold
hard truth at SAPL and ICC